3.24 Ethereum Morning Market Analysis
From a 4-hour perspective, the Bollinger Bands continue to open downward, with prices long-term pressured below the upper band, multiple rebounds encountering resistance and falling back. The strength of bullish counterattacks continues to weaken, making it difficult to break through key resistance zones. Moving averages across all cycles show a bearish arrangement, with short-term MAs continuously pressing down, forming layers of resistance that strictly limit upward space. After the KDJ indicator forms a death cross at high levels, it disperses downward,
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